|
10-05-2008, 10:39 PM
|
|
Senior Member
|
|
Join Date: Jan 2007
Location: Charlotte, NC, USA
2,961 posts, read 1,933,626 times
Reputation: 958
|
|
Economic 9/11 coming on October 7, 2008
I have been reading that according to the Web Bots, something big is coming on October 7, 2008, something equivalent to an economic 9/11, a date that will live in infamy like 10/24/29, 12/7/41, and 9/11/01. These same web bots predict our entire economy to be in collapsed by November 2008. Its going to be an interesting week ahead of us. Lets hope the web bots are wrong.
|
|
10-05-2008, 11:11 PM
|
|
Senior Member
Status:
"I didn't take the "Blue" pill"
(set 10 days ago)
|
|
Join Date: Sep 2007
Location: Great State of Texas
10,760 posts, read 3,925,232 times
Reputation: 2158
|
|
|
Well, there is $54 trillion of derivative contracts coming due for settlement next week.
That might cause a hiccup or two in the markets.
|
|
10-05-2008, 11:13 PM
|
|
Senior Member
|
|
Join Date: Dec 2006
Location: West Columbia Gorge PNW
2,842 posts, read 2,597,616 times
Reputation: 1055
|
|
|
asia down 3-5% (Sunday night, 5 Oct USA-time)
Europe bankers freaking
ain't pretty
no good news under any rocks
eat well tonight, you may need it.
|
|
10-06-2008, 06:39 AM
|
|
We really do surround them if we STAND UP!
Status:
"So much for judges, GM shafted us all!"
(set 15 days ago)
|
|
Join Date: May 2007
Location: Glacier Park area
5,364 posts, read 3,445,925 times
Reputation: 1755
|
|
|
Market futures down well over 200 at this point, europe markets tanking and the bailout game has expanded world wide now to stop major bank failures. This week is going to be UGLY I think...
|
|
10-06-2008, 07:06 AM
|
|
Cantankerous
|
|
Join Date: Apr 2007
Location: Los Angeles Area
3,306 posts, read 1,148,368 times
Reputation: 592
|
|
|
Are these the same web bots that told you about the direction of oil prices?
|
|
10-06-2008, 08:11 AM
|
|
Senior Member
|
|
Join Date: Nov 2007
Location: Ohio
1,906 posts, read 1,005,001 times
Reputation: 515
|
|
Quote:
Originally Posted by bchris02
I have been reading that according to the Web Bots, something big is coming on October 7, 2008, something equivalent to an economic 9/11, a date that will live in infamy like 10/24/29, 12/7/41, and 9/11/01. These same web bots predict our entire economy to be in collapsed by November 2008. Its going to be an interesting week ahead of us. Lets hope the web bots are wrong.
|
You don't have to hope that the web bots are wrong, the web bots are always wrong and have never been right.
That's why I'm starting a web site. It's fun and profitable to prey on the fears of the ignorant.
The October market crash was a non-event. It had no effect on the economy whatsoever. The US economy had been in recession for 20 months already losing 16% of the GDP, and during that time, the market soared. The stock market started crashing in September upon discovery of how stock transactions were being financed. After a two month correction, the stock market came back to life a mere two weeks after the crash cleared out the rift-raft. The corporations weren't harmed. They benefited by unloading $Millions in theoretical debt.
|
Please register to post and access all features of our very popular forum. It is free and quick.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
|
|
Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 700,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 15,000 posts/day about local topics and you will see fewer ads. 
Linear Mode
